2014-10-01 Smart Money Report (LUV) (TKMR)
Posted on October 1st, by Mitchell Warren in Free Articles, Options Risk Management, Smart Money Report, Unusual Options Activity. Comments Off on 2014-10-01 Smart Money Report (LUV) (TKMR)
Smart Money Report
- ACHC- 3,000 Dec $45 puts were sold for $1.55 each, against open interest of 84 contracts. The stock is now trading at the uptrend line from April after the pullback from $52 in the last week.
- DG- The Jan 2015 $52.50/$65/$75 bull call spread risk reversal was put on 10,000 times for a $0.95 debit. Volume was above the open interest in the Jan 2015 $52.50 puts and the Jan 2015 $65 calls. Dollar General continues to go after Family Dollar Stores as a takeover candidate.
- LUV- The Nov $33 straddle was put on 5,000 times for a $2.75 credit. Volume was above the open interest in both options.He/she thinks shares of Southwest Airlines stay around the $33 level through November options expiration. Earnings are due out on October 23rd.
- SFM- 2,500 Nov $30 calls were purchased for $1.10 each, against open interest of 139 contracts. On 9/25, there was large buying in the Sprouts Farmers Market Oct $30 calls. On average, only 834 calls trade per day.
- TKMR- Roughly 2,000 Mar 2015 $35 calls were purchased for $3.00-$3.10 each, against open interest of 26 contracts. Tekmira Pharmaceuticals is working on a drug for Ebola and RBC thinks (TKMR) may launch a clinical trial on it later this year. Call activity is 3x the average daily volume.
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